Ether Remains Stable After Reaching Constantinople. The ether price remains (UTC 05:50 AM) almost unch anged after the Ethereum platform has successfully activated the Constantinople and St. Petersburg network upgrades at block number 7,280,000 ten hours ago. Ether price chart: Meanwhile, history suggests that the price could drop following the hard fork, even though reducing the influx of new ether should drive up the price thanks to supply and demand laws. With the upgrade, the Block Reward Reduction (aka the Thirdening) has been implemented – the reward for mining…

Bitcoin Price Drops to New Yearly Low at $3,200: What’s Causing the Decline? On December 14, following a fairly large sell-off from the $3,400 region, the Bitcoin price dropped to a new yearly low at $3,200. As Bitcoin (BTC) declined in value, other major cryptocurrencies including Ethereum (ETH), Stellar (XLM), and Bitcoin Cash (BCH) experienced large losses against the U.S. dollar, with BCH falling by more than 11 percent. Within a seven-day period, the Bitcoin Cash price` has fallen from $116 to $89 by more than 25 percent despite…

Cryptocurrency Bull Tom Lee says Bitcoin’s Fair Market Price is $14,800. Bitcoin’s dismal price of roughly $3,400 is wrong because its actual fair market value is $13,800 to $14,800, says bitcoin bull Tom Lee. The Fundstrat founder said he made the assessment by considering the number of active wallet addresses, usage per account, and supply metrics. Fair value is significantly higher than the current price of Bitcoin,” he wrote in a note, as reported by Bloomberg. “In fact, working backwards, to solve for the current price of Bitcoin, this…

Japanese Regulator Aims to Reduce Crypto Tax to Revitalize the Market In October, the government of Japan hinted its plans to ease the process of taxing crypto investments to refrain impractical taxation frameworks from negatively affecting the local market. At the time, a committee of tax experts that is tasked to advise the government on taxation matters encouraged the authorities to simplify the complex process of disclosing taxable amounts that occur in investing in the crypto market. Prior to that, a local analyst said: “If the rapid growth of the cryptocurrency sector in late 2017…

Crypto Bear Market May Get Worse, Bitcoin Fundamentally Unsupported Crypto Market Slows After Imbroglio Although selling pressure eased off crypto markets over the weekend, Bitcoin (BTC) and altcoins are still in the midst of stormy seas. BTC has found itself stagnant at $3,375, seemingly caught in an inflection point between a short-term bounce and lower lows. As this market’s leading asset has slowed, so has the market capitalization of all cryptocurrencies in circulating. This pertinent figure has moved to $111 billion, just three billion down from Ethereum World News’ Friday update. Interestingly,…

Despite Crypto Market Downfall, World’s Largest Financial Institutions are Still Investing in Crypto Sequoia, Baidu, Nasdaq, and Fidelity are amongst some of the largest VCs, technology conglomerates, and financial institutions to make big bets on crypto in the past week, both digital asset-related businesses and blockchain protocols are raising tens of millions of dollars from high profile institutions. Crypto Interest in not Dead yet On December 4, Nasdaq, the world’s second-largest stock market operator in the world, and Fidelity, the fourth largest asset manager in the global market, invested in…

Chinese Investors are Losing Faith in Blockchain as Crypto Market Losses Exceed $706 Billion. The global cryptocurrency market has already seen more than $706 billion of its total market capitalization evaporate since hitting a peak in early January, according to research losses appear to be triggering a shakeout in the wider blockchain community in China. Many startups there are finding it increasingly difficult to gain access to capital as investors grow skeptical of the fundamental claims around digital currencies and the blockchain technology that underpins them. With visions of a…

Soon Bitcoin will regain its Dominance in the Cryptocurrency Markets, Says Crypto Experts. Bitcoin, the “peoples” currency, is expected to regain its market dominance in the cryptocurrency markets by the end of 2019. In terms of market capitalization, that is. That’s according to a recently published A.T. Kearney report. “By the end of 2019, Bitcoin will reclaim nearly two-thirds of the crypto-market capitalization as altcoins lose their luster because of growing risk aversion among cryptocurrency investors,’ says the report. “More broadly financial regulators will soften their stance towards the sector.”…

This Is How Top Crypto Currencies Performing Past Week Following are the charts for the top cryptocurrencies performance in the past month, which is not been a good experience for all the crypto fans out there. BTC/USD Bitcoin (BTC) had its worst November since 2011, as the price fell 37 percent. Such a massive fall in a period of a month shows signs of distress selling by the bulls. Bottoms are generally formed during such periods of capitulation. Will the leading digital currency stage a comeback or sink further? Let’s…

New Crypto Exchange Will Be ‘100 Percent Owned By Users A hybrid community-owned digital asset exchange is hoping to simplify trades and investments while driving down the cost of transactions. DAREX’s hybrid model enables users to trade utilities and securities – and the revenue generated from these transactions is subsequently shared with token holders. In time, the exchange hopes to become a “truly beneficial and democratic exchange platform for all.” The startup is set to be “the first exchange of its kind” thanks to how it blends the benefits of…